Federal Realty Investment Trust (NYSE:FRT) Stock Gets Price Target Boost from UBS Group

Federal Realty Investment Trust (NYSE:FRT) had its target price increased by analysts at UBS Group from $115.00 to $121.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group‘s target price points to a potential upside of 6.97% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Wells Fargo & Company lowered their target price on Federal Realty Investment Trust from $126.00 to $119.00 and set an “overweight” rating on the stock in a report on Friday, October 23rd. JPMorgan Chase & Co. increased their price target on Federal Realty Investment Trust from $124.00 to $129.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Piper Sandler lifted their price objective on Federal Realty Investment Trust from $131.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Citigroup lowered their price objective on Federal Realty Investment Trust from $130.00 to $121.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Evercore set a $123.00 target price on Federal Realty Investment Trust in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.69.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT traded down $0.66 during midday trading on Wednesday, hitting $113.11. The company’s stock had a trading volume of 486,263 shares, compared to its average volume of 889,143. The business’s 50 day simple moving average is $110.41 and its 200 day simple moving average is $113.30. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $9.73 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 2.84 and a beta of 0.94. Federal Realty Investment Trust has a 12-month low of $95.14 and a 12-month high of $128.21.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($1.11). Federal Realty Investment Trust had a net margin of 32.60% and a return on equity of 13.76%. The business had revenue of $339.02 million for the quarter, compared to analysts’ expectations of $336.57 million. During the same period in the prior year, the company posted $1.77 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Federal Realty Investment Trust will post 7.56 EPS for the current year.

Insider Activity

In related news, Director Nicole Lamb-Hale sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $108.89, for a total value of $163,335.00. Following the sale, the director directly owned 4,613 shares in the company, valued at approximately $502,309.57. The trade was a 24.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Federal Realty Investment Trust

Several large investors have recently made changes to their positions in FRT. Root Financial Partners LLC purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth approximately $40,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Federal Realty Investment Trust by 64.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 370 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 145 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of Federal Realty Investment Trust in the second quarter valued at $123,000. Pension & Wealth Management Advisors Inc. raised its holdings in shares of Federal Realty Investment Trust by 12.4% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 1,045 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 115 shares during the period. Finally, Pflug Koory LLC raised its holdings in shares of Federal Realty Investment Trust by 122.9% in the 3rd quarter. Pflug Koory LLC now owns 1,059 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 584 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a real estate investment trust that owns, operates, and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and destination-style properties that combine retail, restaurants, entertainment, and, in some locations, residential and office space. The company focuses on established, densely populated communities, primarily in the Northeast, Mid-Atlantic, California, and South Florida. Its properties serve shoppers, residents, and businesses through a mix of national and local retailers, dining options, and other services.